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Personal Loans at Tata Capital are unique and flexible. We offer quick and easy finance at competitive interest rates. Our Personal Loan is built around your needs. Who says you can’t have it easy? With us, all it takes is a click.
Apply NowPERSONAL LOAN INTEREST RATES STARTING AT 10.99%
Need instant cash for those unexpected needs? Tata Capital offers Personal Loan Overdraft facility with the flexibility to withdraw funds as per your need and pay interest only on the utilized amount.
Apply NowPERSONAL LOAN INTEREST RATES STARTING AT 13.50%
A marriage today comes with its fair share of frills, thrills and not to mention - Bills. A Personal Loan for Wedding enables you to pay for anything related to your special day. We help you find a loan that fits your budget in a timely manner and make your fairy-tale wedding come to life.
Apply NowWEDDING LOAN FUNDING UP TO RS. 35 LAKHS
In times of emergency, getting funds should be a hassle free experience. Tata Capital,s Medical Loan provides flexible repayment options for all cosmetic, medical and dental procedures. With us, you can rest easy knowing your medical expenses are covered.
Apply NowLOANS FOR MEDICAL NEEDS ON AN EMERGENCY BASIS
Tata Capital offers Education Loans to help students pay their tuition fees and living cost when they are looking to take the next steps in their education, both in India and abroad.
Apply NowAVAIL TAX BENEFITS ON EDUCATION LOANS FOR HIGHER STUDIES
Want to fund your vacation but falling short on funds? An EMI based Travel loan can be an ideal way to pay for a holiday that you can’t quite cover in one go. Head off on your next adventure. Our Travel Loan is simple, easy and fast!
Apply NowThinking of revamping your home? We help you do just that with our Personal Loan for Home Renovation. Whether you want to remodel your kitchen or turn your children’s bedroom into a magical fairy land, our Home Renovation Loan facility will help in giving your home a new look.
Apply NowHOME RENOVATIONS LOANS FOR YOUR HOUSING NEEDS
If you’re a first-time home buyer, looking to expand your existing home, or just thinking to live rent-free for all your life, Tata Capital's Home Loan is the ideal solution to all your home loan requirements. Our Home Loans are quick and easy and are available at an attractive interest rate.
Apply NowHOME LOANS WITH INSTANT APPROVALS STARTING AT 8.95%
As the years go by and your family continues to grow, does your house feel smaller? Tata Capital’s Home Extension Loan is a perfect solution to help you give your family that additional space they deserve.
Apply NowCUSTOMISED SOLUTIONS FOR HOME EXTENSION NEEDS WITH TENURE UP TO 30 YEARS
Every person deserves a home to call their own. With this vision and under the Pradhan Mantri Awas Yojana Scheme, Tata Capital Housing Finance offers affordable home loans at competitive interest rates.
Apply NowUNDER THE PRADHAN MANTRI AWAS YOJNA SCHEME, AVAIL INTEREST RATE SUBVENTION STARTING AT 4%
The PMAY is a Government backed Credit Linked Subsidy Scheme (CLSS) wherein the mission is to provide affordable housing for all by the year 2022. The PMAY scheme offers its beneficiaries with subsidy, where the Pradhan Mantri Awas Yojana interest rate is charged at a subsidised or reduced rate than regular housing loans. This is done to make it possible for everyone to afford a home.
Whether you want to revamp your business, launch a new store, buy new machinery, increase working capital or outperform your competitors. Tata Capital Unsecured Business Loans offer you customised loans to suit your business plan.
Apply NowONE STOP SHOP FOR BUSINESS FINANCING UP TO RS. 50 CRORES
LOAN AGAINST PROPERTY UP TO RS. 3 CRORES WITH FLEXIBLE LOAN TENURES
Opting for a Used Car Loan is a smart, value-for-money purchase. Tata Capital offers Used Car Loans upto Rs. 50 lakhs for a wide collection of cars ranging from hatchbacks & SUVs to premium sedans. Your favourite car is just a click away.
Apply NowNothing matches the thrill of owning your brand new bike. Tata Capital offers Two Wheeler Loans for you to own the bike of your choice. We offer up to 100% funding on your new motorcycle or scooter.
Apply NowWith Loan Against Securities (LAS) from Tata Capital, you can unlock the potential of your investments. All you have to do is pledge your equity shares, mutual funds, bonds or securities and get access to instant liquidity. We offer LAS with zero foreclosure and prepayment charges.
Apply NowUNLOCK THE POWER OF YOUR INVESTMENTS WITH LOAN AGAINST SECURITIES UP TO RS. 20 CRORES
With Loan Against Securities (LAS) from Tata Capital, you can unlock the potential of your investments. All you have to do is pledge your equity shares, mutual funds, bonds or securities and get access to instant liquidity. We offer LAS with zero foreclosure and prepayment charges.
Apply NowUNLOCK THE POWER OF YOUR INVESTMENTS WITH LOAN AGAINST SECURITIES UP TO RS. 20 CRORES
Used Car Loan
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As one of the leading Indian Investment Managers, Tata Asset Management Limited understands that managing wealth is as important as the creation of it. View their range of investment solutions for financial planning & wealth creation.
Know MoreA better and more comfortable lifestyle is now within your reach. Tata Capital’s Consumer Durable loan covers 100 + lifestyle products from that giant TV to the home theatre system. We offer 0% interest on most of the consumer durable products and are the one-stop solution for your every needs.
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At Tata Capital, we understand your insurance needs and offer Insurance policies that provide protection against any unforeseen risks. Tata Capital has solutions to cater to your various needs - you can avail any of the Online Insurance policies with just a few clicks!
Know MoreTata Capital provides easy Microfinance Loans available at attractive interest rates. Avail a loan up to Rs. 2 lakhs through a simple process with minimal documentation. Get flexible tenures up to 36 months and repay your Microfinance loan EMI as per your convenience.
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PERSONAL LOAN INTEREST RATES STARTING AT 10.99%
Overdraft Loan
PERSONAL LOAN INTEREST RATES STARTING AT 13.50%
Marriage Loan
WEDDING LOAN FUNDING UP TO RS. 35 LAKHS
Medical Loan
LOANS FOR MEDICAL NEEDS ON AN EMERGENCY BASIS
Education Loan
AVAIL TAX BENEFITS ON EDUCATION LOANS FOR HIGHER STUDIES
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HOME RENOVATIONS LOANS FOR YOUR HOUSING NEEDS
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HOME LOANS WITH INSTANT APPROVALS STARTING AT 8.95%
Home Extension Loan
CUSTOMISED SOLUTIONS FOR HOME EXTENSION NEEDS WITH TENURE UP TO 30 YEARS
Affordable Housing Loan
UNDER THE PRADHAN MANTRI AWAS YOJNA SCHEME, AVAIL INTEREST RATE SUBVENTION STARTING AT 4%
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Personal Loan
PERSONAL LOAN INTEREST RATES STARTING AT 10.99%
Overdraft Loan
PERSONAL LOAN INTEREST RATES STARTING AT 13.50%
Marriage Loan
WEDDING LOAN FUNDING UP TO RS. 35 LAKHS
Medical Loan
LOANS FOR MEDICAL NEEDS ON AN EMERGENCY BASIS
Education Loan
AVAIL TAX BENEFITS ON EDUCATION LOANS FOR HIGHER STUDIES
Travel Loan
Home Renovation Loan
HOME RENOVATIONS LOANS FOR YOUR HOUSING NEEDS
Home Loan
HOME LOANS WITH INSTANT APPROVALS STARTING AT 8.95%
Home Extension Loan
CUSTOMISED SOLUTIONS FOR HOME EXTENSION NEEDS WITH TENURE UP TO 30 YEARS
Affordable Housing Loan
UNDER THE PRADHAN MANTRI AWAS YOJNA SCHEME, AVAIL INTEREST RATE SUBVENTION STARTING AT 4%
Business Loan
ONE STOP SHOP FOR BUSINESS FINANCING UP TO RS. 50 CRORES
Loan Against Property
LOAN AGAINST PROPERTY UP TO RS. 3 CRORES WITH FLEXIBLE LOAN TENURES
Loan Against Securities
UNLOCK THE POWER OF YOUR INVESTMENTS WITH LOAN AGAINST SECURITIES UP TO RS. 20 CRORES
LOAN AGAINST SECURITIES
UNLOCK THE POWER OF YOUR INVESTMENTS WITH LOAN AGAINST SECURITIES UP TO RS. 20 CRORES
Used Car Loan
Two Wheeler Loan
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As one of the leading Indian Investment Managers, Tata Asset Management Limited understands that managing wealth is as important as the creation of it. View their range of investment solutions for financial planning & wealth creation.
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A Personal Loan EMI calculator is a simple tool that calculates the EMI that you are required to pay every month for the repayment of your loan. All you need to do is enter the Loan Amount, Rate of Interest, and the desired Loan Tenure and the personal loan calculator will instantly calculate the EMI Amount and the Interest Payable.
Equated Monthly Installments or EMI is the fixed amount that you have to pay regularly to the lender to pay off the personal loan. The EMI amount is paid each month on a specified date which is predetermined at the time of sanctioning the loan.
With a personal loan EMI calculator, you can easily estimate your personal loan EMI and plan your loan repayments accordingly.
The formula for calculating personal loan EMI is:
[P x R x (1+R) ^N] / [(1+R) ^N-1]
Where,
P = Principal/Loan amount
R = Rate of Interest
N = Repayment tenure (Number of years)
The personal loan EMI calculator works by inserting the values in the above formula. The value of your personal loan EMI varies based on three key variables – the loan amount, loan tenure, and the interest rate.
A personal loan EMI calculator has the following three important components –
Loan Amount or Principal –It is the total amount that you borrow as a loan and are required to pay back at the end of the term along with the interest
Rate of Interest – Expressed as a percentage, the rate of interest is the rate at which interest will be charged on the principal loan amount for a loan duration
Loan Tenure or Loan Duration – Expressed either in years or months, tenure is the period within which you are liable to pay back the total personal loan amount with interest
You can use our calculator to calculate your personal loan EMI. Just follow the steps mentioned below:
Step 1 – Using the first slider, set the desired Loan Amount. You can even use the ‘+’ and ‘-‘symbols to increase or decrease the amount or enter the amount manually in the box
Step 2 – Use the second slider to set the Rate of Interest. You can use the ‘+’ and ‘-‘ symbols to increase or decrease the interest rate or manually enter it in the given box
Step 3 – The third and final slider will help you set the Loan Duration, in months or years. You can even use the ‘+’ or ‘-‘ symbols to increase or decrease the loan duration or you can manually enter the same in the box.
The personal loan EMI calculator will automatically show you the EMI amount that you need to pay every month.
By using the personal loan EMI calculator, you can experience the following advantages -
Know the EMI in Advance – Using the personal loan EMI calculator, you can know beforehand the amount that you need to shelf away every month for the repayment of your loan
Manage your Budget – By knowing in advance the amount that you need to pay monthly, you can manage your finances around your EMI and spend accordingly
Find the Right Loan Tenure – Since you can know the total Principal amount and the total interest payable, a personal loan EMI calculator will help you in choosing a loan tenure you are comfortable with as per your budget
Time-Saving and Accurate – Calculating EMI via the traditional manual method is not only time-consuming but also a complex process, often prone to errors. A personal loan EMI calculator gives you the accurate answer within seconds
A personal loan EMI calculator is easy to use. You just need to select the Loan Amount you wish to borrow, Rate of Interest, and Loan Tenure using the different sliders and the calculator will automatically calculate the EMI amount and Total personal loan Interest Payable for you.
Three major factors affect your personal loan EMI-
Loan Amount: It is the principal amount you borrow and is the key factor that decides your EMI. The higher the loan amount, the higher is the EMI amount.
Interest Rate: The higher the interest rate, the greater is the value of your EMI payment. The interest rate on your loan is calculated based on several factors such as your income, repayment capacity, credit history, etc.
Loan Tenure: The EMI amount is inversely proportional to the loan tenure. Generally, longer tenure implies lower EMIs and vice versa. However, a longer period also means higher interest payments.
Here, you can use our personal loan EMI calculator to arrive at a suitable loan amount and affordable EMI payments.
A personal loan amortization schedule is a complete table of periodic loan payments, displaying the principal amount and the interest amount that you would need to repay to close your loan on time.
Let us understand this with the help of an example. For a principal loan amount of Rs. 5,00,000 borrowed at an interest rate of 8% for a tenure of 10 years, the Amortisation schedule will look as shown below –
Year |
Principal |
Interest |
Total Paid |
Balance |
2020 |
31,085.95 |
35,644.23 |
66,730.18 |
468,914.05 |
2021 |
36,606.34 |
36,190.22 |
72,796.56 |
432,307.71 |
2022 |
39,644.67 |
33,151.89 |
72,796.56 |
392,663.04 |
2023 |
42,935.15 |
29,861.41 |
72,796.56 |
349,727.89 |
2024 |
46,498.75 |
26,297.81 |
72,796.56 |
303,229.14 |
2025 |
50,358.11 |
22,438.45 |
72,796.56 |
252,871.03 |
2026 |
54,537.81 |
18,258.75 |
72,796.56 |
198,333.22 |
2027 |
59,064.43 |
13,732.13 |
72,796.56 |
139,268.79 |
2028 |
63,966.74 |
8,829.82 |
$72,796.56 |
75,302.05 |
2029 |
69,275.95 |
3,520.61 |
72,796.56 |
6,026.10 |
2030 |
6,026.10 |
40.17 |
6,066.27 |
0.00 |
Total |
500,000.00 |
227,965.49 |
727,965.49 |
Note – all figures in INR
At times, your financial situation can turn around for the better, faster than you anticipated. In such a situation, you can choose to prepay personal loan in part or in full and easily pay off a major chunk of your loan. Here, you will also have to pay prepayment charges on the outstanding loan amount.
With part prepayment of personal loan, you can clear your debt sooner and save substantially on the interest outgo. Not only that, but it can also boost your credit score significantly.
Follow these simple steps to use Tata Capital’s personal loan EMI calculator –
Step 1 – Using the first slider, select the principal loan amount. You can even use the ‘+’ ad ‘-‘symbols to increase or decrease the amount or simply enter the desired amount in the box given
Step 2 – Set the desired rate interest using the second slider. You can even use the ‘+’ and ‘-‘symbols to increase or decrease the rate or you can simply enter it in the box given
Step 3 – Now, use the third and final slider to set the desired loan tenure (in months or years). You can even use the ‘+’ and ‘-‘symbols to increase or decrease the tenure or you can simply enter it in the box given
Once done, the personal loan EMI calculator will almost instantaneously show the EMI amount that you need to pay every month for loan repayment inclusive of interest.
The following are the benefits of using a simple online tool such as the personal loan EMI calculator –
The following are the reasons for which it is important for you to know your EMI in advance –
Knowing Personal Loan Eligibility – A personal loan EMI calculator gives you an accurate answer as to the amount you need to pay as EMI every month for loan repayment. This helps your personal loan eligibility to receive the desired loan amount at the desired interest for the desired loan tenure
Budgeting – Knowing your exact EMI amount in advance can help you be mentally prepared for what’s coming. As a result, you will be able to plan out your finances around your monthly EMI
Planning Out Loan Repayment – Once your know the exact EMI amount you will need to pay each month, you can decide whether or not you will be able to shelve that amount every moth. And if not, you can simply chose other options like increasing the tenure to plan out a convenient repayment
You can use the following ways to reduce your personal loan EMI –
Opting for a Higher Loan Down Payment – Down payment is known as the portion of the loan amount that a borrower needs to pay out-of-pocket. Remember that you need to pay interest only on the borrowed principal amount. A higher principal amount will naturally lead to higher EMIs. Opting for a higher down payment will reduce the borrowed principal, and thereby the EMI
Choosing a Longer Loan Tenure – Since your EMI is inversely proportional to the loan tenure, opting for a longer loan tenure will help you disburse the loan over a longer period, thereby reducing each EMI
Opting for a Lower Rate of Interest – If you are able to repay the loan faster, then choosing a lower interest rate for personal loan is not only a good way to reduce your EMI but also to pay repay your loan faster
Opting for a Balance Transfer – This is applicable after you have already availed a personal loan but are finding it difficult to repay. In such a case, you can have your loan transferred to another lender offering lower interest rates than your current lender
Your wedding should be among the best days of your life. Don’t think twice before planning the wedding of your dreams, and we will help you make it a reality. Get a Tata Capital Wedding Loan and fund your dream wedding without draining your savings.
Know MoreWe know that a medical emergency can be daunting. With our Personal Loan, you will never have to worry about the medical needs of yourself or your loved ones. Apply for a Medical Loan with Tata Capital for funding your medical emergency expenses or clearning medical dues.
Know MoreYou should never have to compromise when it comes to your education. Whether it is for your higher studies or your loved ones, you can use the Personal Loan to finance your goals and ambitions. Apply for an Education Loan in India or Abroad with quick approval, relaxed eligibility criteria and documentation.
Know MoreFantasizing about jetting off to an exotic locale? You can now make it happen. Our process is simple, and we let you customise the repayment option according to your convenience. Fulfill all your travelling needs with Tata Capital Travel Loan.
Know MoreThinking to repair or renovate your home? Upgrade your house with a new look & redesign your dream home with Tata Capital Home Renovation loan.
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